Cineplex (TSE:CGX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cineplex Inc. (TSE:CGX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.82 and traded as high as C$11.81. Cineplex shares last traded at C$11.80, with a volume of 178,491 shares changing hands.

Wall Street Analyst Weigh In

CGX has been the subject of a number of research reports. National Bank Financial reduced their price target on shares of Cineplex from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Canaccord Genuity Group upped their price target on Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$13.46.

Cineplex Stock Up 0.9%

The firm’s 50-day moving average price is C$11.45 and its 200 day moving average price is C$10.82. The firm has a market capitalization of C$743.44 million, a price-to-earnings ratio of -32.78, a price-to-earnings-growth ratio of 0.30 and a beta of 0.35. The company has a debt-to-equity ratio of -1,703.50, a current ratio of 0.37 and a quick ratio of 0.22.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Monday, May 11th. The company reported C($0.36) earnings per share (EPS) for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The company had revenue of C$290.98 million for the quarter. Sell-side analysts expect that Cineplex Inc. will post 1.0754912 EPS for the current year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.